Manufacturing sales volume rises

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Source: Statistics New Zealand – Press Release/Statement:

Headline: Manufacturing sales volume rises

The total manufacturing sales volume rose in the December 2014 quarter, with rises across several industries, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total manufacturing sales rose 0.9 percent. This rise was led by a 7.2 percent increase in petroleum and coal product manufacturing, with meat and dairy product manufacturing up by 0.9 percent.

“The volume of meat and dairy manufacturing sales was slightly up after recent falls, while manufacturing excluding meat and dairy continues to rise,” business indicators manager Neil Kelly said.

Excluding meat and dairy, the sales volume for total manufacturing was up 0.9 percent in the December 2014 quarter. Sales rose for eight of the 12 manufacturing industries in this group. 

The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, has been mainly rising since a low point in the June 2013 quarter.

When the effect of price changes is included, the total value of seasonally adjusted manufacturing sales fell 0.7 percent ($180 million). Meat and dairy product manufacturing sales decreased 2.7 percent ($207 million), with dairy prices falling and meat prices rising.

In actual terms, the total manufacturing sales volume was up 1.5 percent on the December 2013 quarter. The total manufacturing sales value was down 3.2 percent on the December 2013 quarter – to $25.6 billion. 

Ends

For media enquiries contact: Neil Kelly, Christchurch 03 964 8700, info@stats.govt.nz

Authorised by Liz MacPherson, Government Statistician, 9 March 2015

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Selwyn Manning, BCS (Hons.) MCS (Hons.) is an investigative political journalist with 23 years media experience. He specializes in reportage and analysis of socioeconomics, politics, foreign affairs, and security/intelligence issues.
Selwyn has extensive experience as a commentator and has provided live political analysis to a wide range of television and radio organizations broadcasting in New Zealand, Australia and globally including the BBC (Five Live, London) and BBC (World Service). He is currently a correspondent to Australia’s FiveAA radio, and is a regular live-on-air panelist on Radio New Zealand’s The Panel with broadcaster Jim Mora.

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